Taseko Mines Ltd T.TKO

Whoah

[nofluff]

The emergency brake just got put on the copper train. Goldman just announced they closed there bull bet on copper after pumping for more than a year. 

Nice they closed before informing:))).  So goldman was wrong. Friedman was wrong. Stu and company was right:)). One thing everyone agrees on is that this is a one year lull.  If my ncu chickens hatch, I will likely buy my full tko position back. I am hoping to be well paid back for my losses on tko infamous pp.

Tko management has done a remarkable job of there pipeline. Hope I get in before any np announcement. Russ was a bit early buying back. But still did a nice swing.

Barring any np announcement, I expect tko to drift to 2.50 or 2.00 cad. Over the next bit. Sellers will mostly b at profit.

Happy guessing:))

Nf

[Gmcdonagh89]

Re-entered position at 2.72, bought 50% of my intended position, when the rats are running it's time to buy!!!

[slewfoot2]

yup u reely outsmarted thing on this one lol ... congrats

[Gmcdonagh89]

Indeed I did..

[JCSunsfan]

Um.  I hesitate to ask about your NCU chickens. How would that work? Arent those shares worthless now?

[nofluff]

I guess you wisely have not been waisting time following ncu drama jc. We should know what shares are worth sometimes next week. Shares are not tradable except by private deal. With the Russian owner of Pala investments owning way over half of ncu, as the war carried on, no one wanted to do business with ncu.  So Pala being in control simply closed the mine, filed chpt 11 bankruptcy as

[JCSunsfan]

Doesnt bankruptcy dump all the shareholders in favor of the creditors?  

[nofluff]

Creditors come 1rst. Usually chpt 7 does not even cover all creditors. Red lobster, a private corp. Filed 11 at the same time as ncu. They restructured and downsized about 10%. They r now out of 11 and operating strong.  Covid was there main prob.  So, with ncu, there is a solid deposit and mine value that is very high. Copper looking good. Corps from around the world are bidding with

[JoeStockIQ]

And now, the rest of the story: The real chance of Snuggles getting more than ONE PERCENT of his total investment back is less than ONE PERCENT. The ole dream weaver still fantasizes of making 40 bags on a company trading at under two cents before it was ultimately halted. He'll more than likely get 40 tea bags across the chops when the sobering news comes out next week. The scientific

[KentWilkens]

Simple math. If company or assets sell for less than debts,  debtors come first,, shareholders get zip. If sale price is more tgan debts, shareholders share that.

[JCSunsfan]

Its really a common scam.  I have a friend who has an up and coming AI business and an outside investor came approached him with the exact plan that has happened with Pella.  Lenders come in with the plan to drive the company to bankruptcy, then the lender picks up the company cheap at auction, wiping out all the shareholders, then they pay off present mgmt for facilitating the who mess.

[nofluff]

I remember when the large tko owner of a credit facility invested in tko and got elected to the bod. He then teamed with the raiders to bankrupt and take control. That was a big scam. Ncu is the exact opposite. Pala was in control with 90 % ownership once cheap warrants were bought. So he/Lorick owned ncu for as cheap as it could get. With sh 128 million bid Pala loses 100 million unsecured